00:00Pag-ibig launched the Online Fund Auction, which will speed up the process of having your own house.
00:08Let's see what happened when Rod Laguzan returned to Italy.
00:15Having your own house is a dream of many Filipinos.
00:19Not only that, to make the process of buying acquired assets of Pag-ibig easier,
00:25Pag-ibig launched the Online Public Auction, which is more convenient for those who want to buy or bid to have their own house.
00:34Because Pag-ibig doesn't need to go to the offices of Pag-ibig anymore because it can be visited on their website.
00:40According to Pag-ibig, this is open to everyone who just needs to register and upload a government ID to have a buyer's ID.
00:49Our auction is just once a week, but we're hoping that we will have, even daily.
00:56Because the faster we can dispose these acquired assets, the better for our members.
01:03If it's an acquired asset, it doesn't make money. So we need to sell it so that the fund can return.
01:13Pag-ibig is ensuring that whatever is on the listing of the property is its current condition.
01:19This is where their Property Management Department is located to ensure that the property is in a good condition.
01:24So in our publication, the auction date and the period when we will receive the bid offer is written there.
01:33So usually, upon publication, we are allotting 10 working days.
01:37For those who will buy, there are three payment options.
01:40First is cash, short-term installment, and through the Pag-ibig Housing Loan.
01:45Rod Logused for Pambansang TV in Bagong, Philippines.
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